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110 Athens Street, Tarpon Springs, Fl 34689 110 Athens Street, Tarpon Springs, FL 34689
Vacant Land
Mixed Use
Property Description
OWNER-USER / INCOME OPPORTUNITY!
Comprised of Professional Office Space, Warehouses, Vacant Land and most importantly Income, ATHENS EXECUTIVE CENTER has it all! The executive center itself has 15,322 Sq. Ft. of leasable office area and 8,565 Sq. Ft. of multi-unit warehouse space. There are 20 separate executive office units (18 on level 1 and 2 on level 2) and 5 warehouses. The Executive Center has common areas for restrooms and kitchen space. There is dedicated parking in the front and rear of the structures, and the site also is accessible from U.S. Alternate 19 (Pinellas Avenue), which has a very high daily traffic count.
This highly desirable property sits in the heart of Tarpon Springs’ Historic Greektown, and is an income producing giant! Suitable for a straight investment, but a GREAT OPPORTUNITY for an Owner-User with reliable investment income from the warehouses and possibly extra office space. The property includes 6 parcels of land (1.1 acres total), 2 of which are occupied by the Executive Center building and the warehouses. The other 4 parcels are vacant, which may provide an opportunity for additional development. OWNER FINANCING MAY BE AVAILABLE!
Area Description
Driving Directions: Driving from the North or South on U.S. Highway 19 N., turn West on E. Tarpon Avenue and drive 1.0 mi to N. Pinellas Avenue (U.S. Alternate 19). Turn right onto N. Pinellas Avenue and drive 0.4 mile to Athens Street and turn left. The subject property is on the right.
Highlights
Great Opportunity for USER-OWNER! Significant Office Space with Income from Warehouses and extra Offices, plus vacant land for potential development!
Full Address: 110 Athens Street, Tarpon Springs, FL 34689
Listing Type: FOR SALE
Status: Active
Building Class: C
Zoning: 1B, GB, RM
Region: S-SE
County: Pinellas County
Use Type: Executive Offices and Warehouses
Property ID: 4073976
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Heating: Yes
Cooling: Yes
Building Construction: Block
Roof: Metal
Building Sf: 23887
Parcel Num: 12-27-15-15264-000-0420,0110,0120,0150 0170,0180
Number Units: 25
Number Buildings: 2
Section: 12
Year Built: 1931
Year Renovation: 2024
Free Standing: Yes
Number Parking Spaces: 30
Cap Rate: 5.83
Tenancy Type: Multi-Tenant
Great Opportunity for USER-OWNER! Significant Office Space with Income from Warehouses and extra Offices, plus vacant land for potential development!
Average Monthly Rent - Executive Center: 663
Average Monthly Rent - Warehouse Space: 2100
Average Monthly Rent - Vacant Land:
Cash Flow Type: Proposed
Cf Op Expenses: 86038
Cf Effective Gross: 285002
Cf Year: 2025
Cf Net Op Income: 170464
Cf Vacancy: 10